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Faurecia signs joint venture with Dongfeng Motor for Clean Mobility in China · Endata

◂ Announcements

Automotive Componentsworld trade 2024+2.2% 5Y CAGR

Jul 5, 2017ACQUISITIONXiangyang, China

Faurecia signs joint venture with Dongfeng Motor for Clean Mobility in China

Faurecia signed a joint venture agreement with Dongfeng Motor Parts & Components Group for its Clean Mobility business. The new company, located in Xiangyang, will begin operations in 2018 and aims for annual sales of 1.2 billion RMB by 2021.

Status

Announced

Productsclean mobility solutionsexhaust systems

CompaniesFaurecia Dongfeng Motor Parts & Components Group partner

Sectors#Automotive Components

“Faurecia, one of the world's largest automotive suppliers, today signed a joint venture agreement for its Clean Mobility business with Dongfeng Motor Parts & Components Group Co., Ltd. in Wuhan.”prnewswire.com

1 source
prnewswire.comFaurecia Signs A New Joint Venture With Dongfeng Motor Corporation And Expands Its Partnership To Clean MobilityFaureciaJul 5, 2017

Summarized from public sources; check the original articles before acting on it.

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